It sounds like the creator of legendary songs such as Purple Rain will continue to own property in Chanhassen, MN. One of Prince’s business managers, Kiran Sharma, stated that Prince sent in full payment to the bank a few days ago.
Prince’s spokesman: ‘The purple man paid the tab!’
April 21st, 2011Prince goes into foreclosure in Chanhassen, MN.
April 21st, 2011
The great purple one seems to be facing tough financial issues. He is set to lose his 20 acres of land in Chanhassen to a Sheriff’s sale on May 13th unless he forks over enough money to pay back taxes.
This is not the first time Prince has been in financial trouble in Minnesota. Last year, he reportedly paid $1.3million in back and current property taxes to Carver County.
He currently owes about $386,000 to the Bank of New York Mellon Trust Co. This is seams like a drop in the bucket for a famous pop artist like Prince. However, it seems he is a better singer then business man.
The property currently is just the 20 acres with a tennis court and gaurd house locaed on Galpin in Chanhassen, MN. The value is $1.15million down from $1.5 million a year ago according to Carver County records.
Adzookie — Make your home into an ad!
April 6th, 2011This is the funniest thing I have read in a while. Adzookie is a company that will turn your home into a billboard by painting it whatever ad they are selling. In return, Adzookie will pay your mortgage monthly as long as you have it painted.
For home owners that are having problems, this may be the way to go. Such a clever idea for an ad company. Adzookie’s executives say they have had 1000s of inquiries already. I wonder what city zoning would have to say about this in the future.
Click here to read the Adzookie article on CnnMoney.com.
Year of the beard
February 28th, 2011Watch this great video that is going viral. Carlton College student and his 2nd place film called Year of the Beard. More reason to believe in the power of video.
http://www.youtube.com/watch?v=Qid-WcHYkfo&feature=player_embedded
Home sales rise, prices fall and data may be skewed
February 23rd, 2011The National Association of Realtors (NAR) said Wednesday that existing home sales nationwide rose 2.7 percent during January, but prices fell to their lowest level in almost nine years. A similar situation happened in the Twin Cities metro area during January, according to data I reported two weeks ago, which showed an increase in pending sales, but a steep decline in sale prices driven by an increase in foreclosure sales.
At the same time a Wall Street Journal report yesterday said that NAR might have over-reported the number of home sales in recent years, a revelation that suggests that the housing downturn has been worse than previously thought. The group is looking into the possiblity that consolidations among the Realtor groups that report the data might have contributed to inaccuracies in its sales numbers going back to 2007. CoreLogic, which also tracks national sales figures, but uses data from local courthouses, says that the numbers could be inflated by as much as 20 percent.